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Dec 24, 2012
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let's go back to nicole at the new york stock exchange for more. nicole: we're taking a look at group on down 4% today, still under pressure after they made an acquisition. $4.63 per share, they have acquired commerce interface. the company which they have been working since the middle of 2012, april 2012 in order to streamline some of the operations. it is technology management, a way they can work with some of the thousands of existing vendors, supposedly will help them to better support the merchants overseas going forward and give them exclusivity with this particular company but this acquisition today puts them under pressure about 4% and that is why you're seeing it down about $0.19. merry christmas, everybody. david: ilog one of my groupon things to expire. it is not a total loss. lori: it is not front and center in people's priority list. david: s&p futures are closed right now. that's about to larry at the cme to see how things might work out during christmas time. what do you think, larry? larry: 1430 used to be the support coming ou, now
let's go back to nicole at the new york stock exchange for more. nicole: we're taking a look at group on down 4% today, still under pressure after they made an acquisition. $4.63 per share, they have acquired commerce interface. the company which they have been working since the middle of 2012, april 2012 in order to streamline some of the operations. it is technology management, a way they can work with some of the thousands of existing vendors, supposedly will help them to better support the...
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Dec 26, 2012
12/12
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at the new york stock exchange. we have seen upside down this today, but look at what happened to oil. the huge jump in oil, up
at the new york stock exchange. we have seen upside down this today, but look at what happened to oil. the huge jump in oil, up
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Dec 28, 2012
12/12
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go to lauren simonetti at the new york stock exchange. word the meeting is underway, and the dow, down, well, triple digits, now now 89. i have a feeling we don't hear anything until the market's closed. what do you think? >> i have a feeling you are right. we tested laos, moments ago, down 100 points, but for the dow, 109 the low. it's the final hour, always very volatile as of late especially. you talked about barnes & noble and weakness in the nook business. talk about the finished hand set maker, nokia and weakness in the phone business. a lot of the smart phones just hit the market with $99 price tags, and now the "wall street t journal" found they sell for $99 on amazon.com. after christmas, it's $39. you can get the lumia822 for free at verizon wireless with a new contract. i don't know what that says about the phones, but the stock is not liking it. nokia stock down nearly 3.2% now on the day. it's one of the biggest losers back to you.world. ashley: thank you so much. well, we are a mere trading day away from falling off the -- c
go to lauren simonetti at the new york stock exchange. word the meeting is underway, and the dow, down, well, triple digits, now now 89. i have a feeling we don't hear anything until the market's closed. what do you think? >> i have a feeling you are right. we tested laos, moments ago, down 100 points, but for the dow, 109 the low. it's the final hour, always very volatile as of late especially. you talked about barnes & noble and weakness in the nook business. talk about the finished...
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Dec 18, 2012
12/12
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yes, new york gets hurt on the high earner and. we are willing to be part of that because the country will benefit. liz: that is the lesser of two evils. >> absolutely. liz: what are you hearing? you have the year of the top business people of the world. we were just talking about the possible treasury secretary. you know him well. >> he just stepped down as our chairman, co-chairman of on friday. so he -- liz: do you think he would make a good treasury secretary? >> she's terrific. but if they are the candidates, they are both new yorkers, and they're both very smart about our economy and this is is that have to be made..3 liz: you would have access. >> it would not be a bad choice either way. liz: you mentioned social security. no one is talking abut cutting social security. medicare, medicaid, entitlements, defense. should that be enveloped, wrapped in tell of this? >> what they have put forward is an effort to tie the social security increases more practically to increases in the cost of living which is a step in the right dire
yes, new york gets hurt on the high earner and. we are willing to be part of that because the country will benefit. liz: that is the lesser of two evils. >> absolutely. liz: what are you hearing? you have the year of the top business people of the world. we were just talking about the possible treasury secretary. you know him well. >> he just stepped down as our chairman, co-chairman of on friday. so he -- liz: do you think he would make a good treasury secretary? >> she's...
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Dec 20, 2012
12/12
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a historic day for the new york stock exchange, the ice, going to buy it. dow jones industrials up, pretty much highs of the session. the nasdaq up just 1/4% russell up 14%. ashley: bold sliding to the lowest level in four months dropping a one.3% after a report that the u.s. economy grew more than expected, gold lining stocks into the red, all posting losses and anglo gold hitting a 52 week low. liz: what looks good? financial sector, climbing within 1%, citigroup looking pretty healthy just under 2%, bank of new york mullen, royal bank of scotland hitting 52 week highs today. ashley: natural gas climbing for the third time in four days after reports show u.s. supply falling more than expected, natural gas for january delivery ending the day up 1.3%. liz: that storm over the midwest. you see that thing out side, winnebago, the largest u.s. motor home maker is getting bigger. increasing production to mean growing demand, just reported better than expected results and that is why we slept this thing outside our studio. you don't want to know, it is $350,000
a historic day for the new york stock exchange, the ice, going to buy it. dow jones industrials up, pretty much highs of the session. the nasdaq up just 1/4% russell up 14%. ashley: bold sliding to the lowest level in four months dropping a one.3% after a report that the u.s. economy grew more than expected, gold lining stocks into the red, all posting losses and anglo gold hitting a 52 week low. liz: what looks good? financial sector, climbing within 1%, citigroup looking pretty healthy just...
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Dec 19, 2012
12/12
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let's head back before the new york stock exchange after getting hammered these past few days. lauren: this has been an awful few days for smith & wesson. they gave back about 7%, but also provided a downgrade to neutral, this is the reason why. the analyst explicitly saying the newtown tragedy provides pressure on stricter gun laws. the ban of sales of assault rifles and magazines with overhang of the congressional gun debate going on. it will be very interesting to watch how these gu gunmakers and manufactures do with everything going on around us. we did see a nice comeback for smith & wesson today. david: let's take a look at them right now, the numbers for bed, bath, and beyond? liz: looking at a name they were waiting to see what margins were here. the stocks are trending at the moment. cse $1.75 for the outlook, that maybe what it is getting people little bit spooked. as you see, this is a big drop after the minute they came oof e headlines, when their modeling the net earnings per diluted share to increase approximately 12%, analysts looking at those saying what about t
let's head back before the new york stock exchange after getting hammered these past few days. lauren: this has been an awful few days for smith & wesson. they gave back about 7%, but also provided a downgrade to neutral, this is the reason why. the analyst explicitly saying the newtown tragedy provides pressure on stricter gun laws. the ban of sales of assault rifles and magazines with overhang of the congressional gun debate going on. it will be very interesting to watch how these gu...
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we don't have a lot of product in new york city. hard to develop a lower end brand, moderate hot tell tier. hard to make the numbers work. cambria, will be higher alternative value. liz: what is the rate on king room, not a suite, a basic room? >> the basic room in new york in the manhattan for us it will run somewhere in the low 200s. but remember --. liz: very reasonable. >> that's a value compared to the five or $600 you will be paying in are a lot of upper upscale hotels. david: how are you financing? credit is tough to get. >> credit is tough. it is getting better. gotten better in urban markets. this year it really improved. david: has that changed your plans? has i had made you more aggressive? >> it is a great time to build because we think the hotel business is continuing to expand for the next several years. new york is obviously one of the hottest markets in the country. it is a great place for us to launch a brand. everybody is here. all the travel managers are here. when they see the hotels they hope they book them at o
we don't have a lot of product in new york city. hard to develop a lower end brand, moderate hot tell tier. hard to make the numbers work. cambria, will be higher alternative value. liz: what is the rate on king room, not a suite, a basic room? >> the basic room in new york in the manhattan for us it will run somewhere in the low 200s. but remember --. liz: very reasonable. >> that's a value compared to the five or $600 you will be paying in are a lot of upper upscale hotels. david:...
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Dec 27, 2012
12/12
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snow advisories in several states, eastern new york and across new england, new york governor andrew cuomo set up an emergency operations center and is also warning the power companies to be on their toes especially after they have been criticized following superstorm sandy for their slow response getting lights turned back on. we have seen a lot of plows going in tandem trying to work the roadways. officially possible but salt trucks have been out and about but some folks in upstate new york are used to lake effect snow but this first storm of the season, off-guard. >> you can never be prepared for this kind of stuff i don't care how long you live here, you can never be prepared for this kind of stuff. it is cold. it has got to get done. >> roadways are absolutely nasty in some places. listen to what some commuters are saying. >> a little bit slippery. you have to drive slow because you see accidents everywhere. >> the main roads were eyes. everyone was averaging 15, 20 miles an hour. >> more than 500 flights have been canceled, 1600 flights canceled yesterday. as far as airports go
snow advisories in several states, eastern new york and across new england, new york governor andrew cuomo set up an emergency operations center and is also warning the power companies to be on their toes especially after they have been criticized following superstorm sandy for their slow response getting lights turned back on. we have seen a lot of plows going in tandem trying to work the roadways. officially possible but salt trucks have been out and about but some folks in upstate new york...
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Dec 27, 2012
12/12
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david: let's go to nicole petallides at the new york stock exchange. it was that talk about coming back on sunday, maybe working through new year's eve and new year's day that moved the market. nicole: we started off to the upside. we were slowly moving lower. we were down about 150 points. and we just stayed there. we were stagnant. all of a sudden, the headline crossed, that they were going to be working on a sunday at 6:30 p.m. and the market began to shoot back up. if you didn't think that wall street and washington weren't tied together, today you know for sure that investors are keyed in on washington. shibani: we're also watching four big retailers, great piece in the "wall street journal" today calling four retailers on a do-or-die mission for 2013. do they do-or-die a little bit today nicole? nicole: we have seen a lot of retailers under pressure. certainly they didn't do so great today. many of these names when we talk about them, they have had a tough year 2012. they really are do-or-die. you talk about management, talk about competition, yo
david: let's go to nicole petallides at the new york stock exchange. it was that talk about coming back on sunday, maybe working through new year's eve and new year's day that moved the market. nicole: we started off to the upside. we were slowly moving lower. we were down about 150 points. and we just stayed there. we were stagnant. all of a sudden, the headline crossed, that they were going to be working on a sunday at 6:30 p.m. and the market began to shoot back up. if you didn't think that...
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Dec 28, 2012
12/12
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from boston, new york, new jersey, philadelphia, to houston texas. all of those ports would have been basically frozen, as far as the container shipping would have gone. that mess would have been layoffs and loss of income. of course, all of those consumer products in those containers such as electronics, auto parts, airline parts, frozen foods, clothing, manufacturing goods, all of that would have been frozen. prices going up for the remainder. this would have been a one, two, knockout punch. many experts. this would have absolutely triggered a recession. this container cliff, by all accounts, has been adverted by basically the last minute. that is great news for the ports, as well as, the u.s. commerce, jobs in the u.s. president did not get faced with the choice of invoking the tax which would have declared the strike illegal. he would have completely alienated all of that labor supporting he just had in the campaign. everything looking good so far. we will get more details and report back on this later here in the day. dagen: thank you so much. p
from boston, new york, new jersey, philadelphia, to houston texas. all of those ports would have been basically frozen, as far as the container shipping would have gone. that mess would have been layoffs and loss of income. of course, all of those consumer products in those containers such as electronics, auto parts, airline parts, frozen foods, clothing, manufacturing goods, all of that would have been frozen. prices going up for the remainder. this would have been a one, two, knockout punch....
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Dec 28, 2012
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new york stock exchange. lauren is there watching it. any indication from the investors and traders about a deal? are they telling you if they have an inside scoop? >> they do not have an inside scoop, but there's con play sen sigh, and stocks stuck in the range, down half a percent for the broader market, down for five days in a row waiting, two hours from now, to hear somebody in washington say something about fiscal cliff, and then we'll move on that news, but traders are saying if we get a deal done, we'll see the market take off. we have not seen a santa claus rally this december, unfortunately, and, in fact, the nasdaq lower. stocks lower, by the way. here's the new york stock exchange, three stocks trading down for every one trading up. another thing trading up a the vix index. it's 20.18. the vix has traded below the two decade average, and that's not happened this month. we broke that trend. we have an uptick in the vix now. adam, back to you. adam: the question of the day, are we closing in on the deadline and potential plan to
new york stock exchange. lauren is there watching it. any indication from the investors and traders about a deal? are they telling you if they have an inside scoop? >> they do not have an inside scoop, but there's con play sen sigh, and stocks stuck in the range, down half a percent for the broader market, down for five days in a row waiting, two hours from now, to hear somebody in washington say something about fiscal cliff, and then we'll move on that news, but traders are saying if we...
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Dec 31, 2012
12/12
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california, new york, new jersey taxpayers have to really watch out, because that amt will hit those guys hard. liz: okay. the fact is we've been doing a patch forever and a day on this amt situation, and like the fiscal cliff if we have to revisit this in another year, how serious could this eventually become? >> reporter: you know, it's an important question. forever and a day is a great way to put it because, yeah, i mean, congress has been doing this annually, picking it, fixing it as an afterthought. they've got to put it permanently in the tax code. and i'll tell you something, even on top of that we know that a number of obamacare taxes kick in, five of them. that's costing $36 billion of payroll tax increase will come into effect and hit the middle class. 70 separate tax breaks expire, that could effect the middle class too. but it's this one that's most serious because the mitt middle class will find that it's an unexpected tax wol lop that they've got to be careful. for secretary treasury geithner warning about it, we're going to be staying up-to-date. right now there may b
california, new york, new jersey taxpayers have to really watch out, because that amt will hit those guys hard. liz: okay. the fact is we've been doing a patch forever and a day on this amt situation, and like the fiscal cliff if we have to revisit this in another year, how serious could this eventually become? >> reporter: you know, it's an important question. forever and a day is a great way to put it because, yeah, i mean, congress has been doing this annually, picking it, fixing it as...
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Dec 20, 2012
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it is a new york institution. yes, it is old. an american institution is being bought by another american institution. one of the best things about it, they are not getting rid of the floor. i am a person of lear in human beings. when the power goes down and computers screwup, which, they do all the time, as we all know. aside from that what let's talk about the businesses. the nasdaq will have to respond. how does the cme, how does harry duffy -- talk to terry duffy who runs the cme. what are you going to do comparatively to fight this. this is a big deal. this shakes out the whole space. these are public companies. then, there is a public policy debate. is this a good thing? i am sure that the sec will come out with something. what do they think about this from a market structure. markets are fragmented now. we have a very fragmented market. i, personally, think that this is good for the markets. i think it is very good. it is a good thing. connell: terrific reporting. we will go back to local and a few minutes to get a look at
it is a new york institution. yes, it is old. an american institution is being bought by another american institution. one of the best things about it, they are not getting rid of the floor. i am a person of lear in human beings. when the power goes down and computers screwup, which, they do all the time, as we all know. aside from that what let's talk about the businesses. the nasdaq will have to respond. how does the cme, how does harry duffy -- talk to terry duffy who runs the cme. what are...
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Dec 26, 2012
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time to head down to the new york stock exchange with nicole petallides. nicole: merry christmas to everybody. the vix, the fear index, has been to the upside. whether or not washington will solve the worries about the so-called fiscal cliff approaching quickly. here is a look at the dow. 13,100 even. most of the dow components are under pressure. hewlett-packard doing well and bank of america in the financial round. it really is being laid upon by the retailers. i no adam shapiro will add on to that. there is a look at some movers. michael cores down over 6%. tracy: i was in the balls this weekend. lori: crowded theater not like i thought it would be. adam shapiro in the newsroom with the details. i thought it was way busier last year than it was this weekend. >> no. here are some numbers. for the period of october to eight and december 24, sales grew. in 2011, sales for that period of time grew 2%. they are using that as an indicator that things will not be as good as we thought going into the holiday shopping season. on monday, shopper track indicated a
time to head down to the new york stock exchange with nicole petallides. nicole: merry christmas to everybody. the vix, the fear index, has been to the upside. whether or not washington will solve the worries about the so-called fiscal cliff approaching quickly. here is a look at the dow. 13,100 even. most of the dow components are under pressure. hewlett-packard doing well and bank of america in the financial round. it really is being laid upon by the retailers. i no adam shapiro will add on...
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Dec 14, 2012
12/12
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or is it on new york and new jersey? take a look at these items, guys, now in the sandy spending bill, the $60 billion price tag that we're talking about. 41 million of course military bases. that includes cuba. ashley: cuba? >> 23 million for tree plantings and 4 million for sand dunes to rehabilitate them at kennedy space center. 4 million worth of new cars and office equipment for the fbi. 2 million for a new roof at smithsonian. 1 million bucks for trees at cemeteries. the item that jumped out $3 billion to fix or replace federal government assets. 3 billion bucks is included in there. is it related to the storm or is there just a pork wagon? that is what is under debate now. this is what happens when the debate should be you nationalizing disasters? should you have the state level --. tracy: here is my question. do think we're total idiots? we do this every time they put something like this out. someone like you rips it apart and gets bottom of the it. >> when i covered boots on the ground, katrina in new orleans. w
or is it on new york and new jersey? take a look at these items, guys, now in the sandy spending bill, the $60 billion price tag that we're talking about. 41 million of course military bases. that includes cuba. ashley: cuba? >> 23 million for tree plantings and 4 million for sand dunes to rehabilitate them at kennedy space center. 4 million worth of new cars and office equipment for the fbi. 2 million for a new roof at smithsonian. 1 million bucks for trees at cemeteries. the item that...
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Dec 20, 2012
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okay, this is the new york stock exchange being bought out. this is, defining moment in american history. it shows you, i think it is a good thing. capitalism and not like we're selling out to germans. we're selling out to entrepreneur. the new york stock exchange is he will selling to an entrepreneur. jeffrey sprecher, developed this thing 12 years ago and built a $10 billion business. this is a good thing, okay? and, we should, it should be celebrating. i know people will celebrate it, because he is selling to an entrepreneur, an american entrepreneur. lori: we were talking about this earlier, what happens to the floor? does it increase in size anymore from here. open outcry a little bit? >> i talked to sprecher about that. no, i think now we finally come to the conclusion in its state, used to be, three or four 4,000 people down there. melissa: way more. now a tiny fraction but maybe it is the right amount. >> i think we finally come to recognition both from duncan, remember, duncan is not devotetae of floor trading. he came from goldman sa
okay, this is the new york stock exchange being bought out. this is, defining moment in american history. it shows you, i think it is a good thing. capitalism and not like we're selling out to germans. we're selling out to entrepreneur. the new york stock exchange is he will selling to an entrepreneur. jeffrey sprecher, developed this thing 12 years ago and built a $10 billion business. this is a good thing, okay? and, we should, it should be celebrating. i know people will celebrate it,...
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ashley: let's o to nicole petallides on the floor of the new york stock exchange. nicole? >> ashley, tracy, this is one of those days where you see the back and forth action, right? we stay in this trend line, just establishing right around the unchanged line, the dow jones industrials for example, are up .1 of 1%. the s&p is up a quarter of 1%. tech negative nasdaq the most interesting story today because it has been under pressure while you've seen the other two indices last few days trying to give it a go. the nasdaq has been held back. one of the main reasons because of apple which you duly noted at the top of the show. take a look at nasdaq composite right now which is gaining more than half of 1%, seeing a gain of about 17 points for the tech-heavy nasdaq. it is not back at the 3,000 mark yet. let's look also at apple. because that's key. it is up almost 11 dollars here, a gain of 2%. it traded as low as 5 -- 518 today. down 20% from the december number. it was a concern but people decided to buy when it sold off this morning. back to you. ashley: based on some price
ashley: let's o to nicole petallides on the floor of the new york stock exchange. nicole? >> ashley, tracy, this is one of those days where you see the back and forth action, right? we stay in this trend line, just establishing right around the unchanged line, the dow jones industrials for example, are up .1 of 1%. the s&p is up a quarter of 1%. tech negative nasdaq the most interesting story today because it has been under pressure while you've seen the other two indices last few...
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Dec 26, 2012
12/12
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if new york has a difficult season, that's going to be difficult on the overall numbers. that said, in the southeast and the south central regions of the country, luxury sales were up 5% to 6%. so again, it depended where you were. but luxury retail sales did relatively well. other sectors, women's apparel did have a positive year. as well as furniture and furnishing were also up. primarily we think due to the housing market recovery. >> yeah. today also a big day for returns, i don't know if you got gifts and are planning on taking time off later to be able to swap them back. michael, how does the return situation impact the numbers that we see? we're going to have a lot of people going to the malls, right? a couple of thing will happen. one, they'll be returning items. you may get even exchanges there. i wonder if they're going to be spending more because they're out and about with their families. and also you have the issue of the gift cards because that -- the retail, the revenue from the gift cards is going to be booked once those gift cards are actually used. so how
if new york has a difficult season, that's going to be difficult on the overall numbers. that said, in the southeast and the south central regions of the country, luxury sales were up 5% to 6%. so again, it depended where you were. but luxury retail sales did relatively well. other sectors, women's apparel did have a positive year. as well as furniture and furnishing were also up. primarily we think due to the housing market recovery. >> yeah. today also a big day for returns, i don't...
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Dec 20, 2012
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and the new york stock exchange. it's good for almost every party, except for the c me, so i think the cme really has to make a move here. >> mike, let me steer your attention to the market at large. what are you doing today? what do you make of what's happening given we only have a handful of days left before the end of the year, and we're watching washington as we always do? >> yeah. i think -- i think the market had melt a lot better. you know, the market held in pretty well, and the last couple of days i think the acid test, the market has been more subdued around all this political maneuvering. i don't know what you can do. i think you have to hold your breath and wait and hope they are not serious about letting us go over the cliff. you know, bernanke has worked so hard, and you're finally seeing some recovery in the housing market. the best numbers on an annualized basis since november of '09, right, and basically, you know, this gets kind of tossed, and, you know, you have kind of this infliction point with s
and the new york stock exchange. it's good for almost every party, except for the c me, so i think the cme really has to make a move here. >> mike, let me steer your attention to the market at large. what are you doing today? what do you make of what's happening given we only have a handful of days left before the end of the year, and we're watching washington as we always do? >> yeah. i think -- i think the market had melt a lot better. you know, the market held in pretty well, and...
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Dec 20, 2012
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unless you want new york versus atlanta. that could be -- >> we did that. >> atlanta, the financial capital of the world. not the same ring to it. >> oracle buys a company. yesterday, merkel buys a company. today -- >> angela merkel bought a company? >> play that out. the insurance business. gardner denver perhaps. david -- >> yeah. >> this is deal mania. >> mention arris, trading up again, double the size of the -- what is happening? >> ge this week. >> potentially, the italian enginemaker. >> the fiscal cliff, result supposed to be frozen? aren't we supposed to be paralyzed? >> i guess the clock ran out on everybody saying we can't do anything? >> this is huge for us. >> i don't have a legitimate answer for you. none of these transactions are going to close this year, not a result of let's get something done by year end to avoid capital gains. >> something changed in people's attitudes, david. >> pent up demand for dealmaking that's been there. maybe a reflection that okay, going to get something done and so i feel a littl
unless you want new york versus atlanta. that could be -- >> we did that. >> atlanta, the financial capital of the world. not the same ring to it. >> oracle buys a company. yesterday, merkel buys a company. today -- >> angela merkel bought a company? >> play that out. the insurance business. gardner denver perhaps. david -- >> yeah. >> this is deal mania. >> mention arris, trading up again, double the size of the -- what is happening? >> ge...
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Dec 18, 2012
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. >> the front page article on the "new york times" is titled bribery aisle. it's about walmart and the mechanics cal can business that was aggressive and creative and a corrupter offering large payoffs to get what the law otherwise prohibited. the times reports that the retailer wanted to build a store in an alfalfa field in a town's main entrance which was barely a mile from some ancient pyramids. the town's elected leaders had prevented the new zoning map that would have prevented it. walmart officials decided to undo the damage by a well played bribe and the guy drawing the map drew it a little differently. >> that's exactly what happened. they found the old map and the new map. they found a disk in a shoe box showing the differences. it was incredible. >> the zoning map would not become law until it was published in a government newspaper, so walmart reportedly arranged to bribe an official to change the map before it was sent to the newspaper. walmart issued a statement saying the allegations are part of that company's ongoing investigation of the last "
. >> the front page article on the "new york times" is titled bribery aisle. it's about walmart and the mechanics cal can business that was aggressive and creative and a corrupter offering large payoffs to get what the law otherwise prohibited. the times reports that the retailer wanted to build a store in an alfalfa field in a town's main entrance which was barely a mile from some ancient pyramids. the town's elected leaders had prevented the new zoning map that would have...